Best Cheap Stocks To Own Right Now

Fitness tracker maker Fitbit (NYSE:FIT) shed 75% of its value this year due to slowing sales growth, slipping margins, and tougher competition. But investors seem to think that the stock could continue falling — over 30% of its outstanding shares were still being shorted as of Dec. 27. Let’s take a closer look at Fitbit’s headwinds and tailwinds to see if those bearish bets are justified.

Image source: Fitbit.

What the bears think

The bears believe that since fitness trackers are cheap to manufacture, Fitbit’s core market will be commoditized and its brand will lose its premium appeal. High-end smartwatches and low-end fitness trackers are becoming cheaper, and challengers like Garmin (NASDAQ:GRMN) are stealing niche sports performance users away from Fitbit. To make matters worse, several Fitbit products were recently targeted in studies and lawsuits regarding the accuracy of their activity and heart tracking features.

Best Cheap Stocks To Own Right Now: USG Corporation(USG)

Advisors’ Opinion:

  • [By Jordan Wathen]

    As USG Corporation (NYSE:USG) drags its feet on an offer to sell the company for $42 per share, Berkshire intends to use its 30.8% ownership stake to motivate its top brass to make a deal. Berkshire told Bloomberg it intends to vote its shares against USG’s board members who are up for re-election at this year’s annual meeting, a clear message that Buffett is ready to cash in, even if USG’s management and board are not.

  • [By Jason Hall, George Budwell, and Chuck Saletta]

    And while it may not always work out well to simply copy the moves other investors make, it can pay off to use their buying and selling moves as jumping-off points in your own research. We asked three real-world investors for their insight, and they wrote about two recent Buffett buys ofApple Inc.(NASDAQ:AAPL) andUSG Corporation(NYSE:USG), and a recent Baker Brothers buy ofHeron Therapeutics Inc(NASDAQ:HRTX).

  • [By Dan Caplinger]

    Warren Buffett likes to hold his stock positions for the long run, and his experience with USG (NYSE:USG) has been typical of his other long-term investments. The Oracle of Omaha started buying shares of the manufacturer of Sheetrock drywall and other building materials back in 2000, accumulating a sizable stake that has ballooned to more than 30% of the company. USG ended up going through bankruptcy in order to get a handle on its asbestos liability claims, but thanks largely to Buffett’s involvement, the building materials company not only survived bankruptcy but also saw share prices soar briefly on hopes that USG would once again fully participate in the then-strong housing boom.

  • [By Ethan Ryder]

    USG Co. (NYSE:USG) – Equities research analysts at SunTrust Banks reduced their Q3 2018 earnings per share estimates for shares of USG in a report issued on Monday, July 9th. SunTrust Banks analyst K. Hughes now forecasts that the construction company will post earnings of $0.57 per share for the quarter, down from their previous estimate of $0.61. SunTrust Banks currently has a “Hold” rating and a $44.00 price target on the stock. SunTrust Banks also issued estimates for USG’s FY2018 earnings at $2.05 EPS, Q3 2019 earnings at $0.71 EPS and FY2019 earnings at $2.53 EPS.

  • [By Stephan Byrd]

    ValuEngine upgraded shares of USG (NYSE:USG) from a buy rating to a strong-buy rating in a report published on Tuesday.

    A number of other research analysts have also recently weighed in on the stock. Credit Suisse Group upgraded shares of USG from an underperform rating to a neutral rating and dropped their target price for the company from $35.00 to $24.00 in a research note on Friday, April 27th. Jefferies Group reiterated a hold rating and issued a $40.00 target price on shares of USG in a research note on Monday, April 23rd. SunTrust Banks boosted their target price on shares of USG from $42.00 to $44.00 and gave the company a hold rating in a research note on Tuesday, April 17th. Buckingham Research boosted their target price on shares of USG from $34.00 to $42.00 and gave the company a neutral rating in a research note on Monday, April 16th. Finally, Nomura boosted their target price on shares of USG from $39.00 to $44.00 and gave the company a neutral rating in a research note on Tuesday, March 27th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $39.00.

Best Cheap Stocks To Own Right Now: S&P GSCI(GD)

Advisors’ Opinion:

  • [By Todd Shriber, ETF Professor]

    Code Pink takes issue with BlackRock's investments in aerospace and defense companies such as General Dynamics Corp.(NYSE: GD), Lockheed Martin Corp. (NYSE: LMT) and Northrop Grumman Corp. (NYSE: NOC).

  • [By Stephan Byrd]

    Summit Financial Group Inc. lowered its position in General Dynamics Co. (NYSE:GD) by 26.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,470 shares of the aerospace company’s stock after selling 2,000 shares during the quarter. Summit Financial Group Inc.’s holdings in General Dynamics were worth $1,020,000 as of its most recent SEC filing.

  • [By ]

    Cramer and Moreno also looked at General Dynamics (GD) which peaked in early March, before starting a downtrend until Tuesday. Last week, General Dynamics fell to the lower end of its channel, but then it bounced right to the high end, and Wednesday it firmly broke out above the high end of this channel. The stochastic oscillator, which is a powerful momentum indicator is making a bullish crossover, and based on today’s move, Moreno thinks General Dynamics can return to its old highs at $230.

  • [By Ethan Ryder]

    Traders sold shares of General Dynamics (NYSE:GD) on strength during trading on Friday. $52.91 million flowed into the stock on the tick-up and $170.65 million flowed out of the stock on the tick-down, for a money net flow of $117.74 million out of the stock. Of all stocks tracked, General Dynamics had the 0th highest net out-flow for the day. General Dynamics traded up $0.76 for the day and closed at $202.52

Best Cheap Stocks To Own Right Now: Express-1 Expedited Solutions Inc.(XPO)

Advisors’ Opinion:

  • [By Stephan Byrd]

    Highland Capital Management LP boosted its holdings in shares of XPO Logistics Inc (NYSE:XPO) by 14.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 223,249 shares of the transportation company’s stock after buying an additional 27,400 shares during the period. XPO Logistics makes up about 1.2% of Highland Capital Management LP’s portfolio, making the stock its 16th largest position. Highland Capital Management LP’s holdings in XPO Logistics were worth $22,729,000 at the end of the most recent quarter.

  • [By ]

    But then there’s the little-known trucking company JB Hunt (JBHT) , which popped 6.1% because the company saw some surprise growth that no one was expecting. That news was so strong, FedEx (FDX) and XPO Logistics (XPO) also rose 2.2% and 4.6%.

  • [By Jeremy Bowman]

    ARecode article in December made waves when it asserted that Home Depot was considering acquiringXPO Logistics(NYSE:XPO), the U.S. leader in last-mile delivery of heavy goods like furniture and appliances. Home Depot already has a close relationship with XPO, naming it its Mid-Size Truckload Carrier of the year in 2015, and was reportedly interested in acquiring it in part to keep it out of the hands of Amazon, which has been ramping up efforts to sell products like furniture, and is also an XPO customer.

Best Cheap Stocks To Own Right Now: Rent-A-Center Inc.(RCII)

Advisors’ Opinion:

  • [By Chris Lange]

    Rent-A-Center Inc. (NASDAQ: RCII) shares made an incredible gain on Monday after the company announced that it would be taken private by Vintage Rodeo Parent, an affiliate of Vintage Capital Management.

  • [By Shane Hupp]

    An issue of Rent-A-Center Inc (NASDAQ:RCII) bonds fell 1% against their face value during trading on Thursday. The high-yield issue of debt has a 6.625% coupon and will mature on November 15, 2020. The debt is now trading at $99.07 and was trading at $100.50 one week ago. Price moves in a company’s bonds in credit markets often predict parallel moves in its stock price.

  • [By Max Byerly]

    COPYRIGHT VIOLATION NOTICE: “Q1 2018 EPS Estimates for Rent-A-Center Increased by KeyCorp (RCII)” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at www.tickerreport.com/banking-finance/3350595/q1-2018-eps-estimates-for-rent-a-center-increased-by-keycorp-rcii.html.

  • [By Logan Wallace]

    OMERS ADMINISTRATION Corp decreased its holdings in shares of Rent-A-Center Inc (NASDAQ:RCII) by 52.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,200 shares of the company’s stock after selling 79,200 shares during the period. OMERS ADMINISTRATION Corp owned about 0.14% of Rent-A-Center worth $623,000 as of its most recent SEC filing.

  • [By Ethan Ryder]

    Get a free copy of the Zacks research report on Rent-A-Center (RCII)

    For more information about research offerings from Zacks Investment Research, visit Zacks.com

Best Cheap Stocks To Own Right Now: Sirius XM Radio Inc.(SIRI)

Advisors’ Opinion:

  • [By Rick Munarriz]

    Shares of Sirius XM Holdings (NASDAQ:SIRI)hit a new 12-year high of $7.08 this week, and in terms of market cap the satellite radio provider has never been as valuable as it is right now. The market darling hasn’t traded this high since late 2005, and it’s fair to say that this was an entirely different company back then. Sirius had yet to merge with XM. The share count was substantially lower.

  • [By Rick Munarriz]

    One of the market’s most unlikely success stories over the past decade could be cooling down.Sirius XM Holdings (NASDAQ:SIRI)hit a 12-year-high on Monday, only to trade lower on Tuesday following an analyst downgrade.

  • [By Jon C. Ogg]

    Sirius XM Holdings Inc. (NASDAQ: SIRI) has just received its most bullish sell-side analyst ratingon Wall Street. Credit Suisse’s Brian Russo has raised the bar on Sirius XM with an Outperform rating with an $8.50 price target.

  • [By Joseph Griffin]

    Swiss National Bank cut its position in Sirius XM Holdings (NASDAQ:SIRI) by 13.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,157,758 shares of the company’s stock after selling 818,600 shares during the period. Swiss National Bank owned about 0.11% of Sirius XM worth $32,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Best Cheap Stocks To Own Right Now: International Business Machines Corporation(IBM)

Advisors’ Opinion:

  • [By Leo Sun]

    Microsoft (NASDAQ:MSFT) and IBM (NYSE:IBM) are both considered “mature” tech stocks, yet the former outperformed the latter by a significant margin over the past 12 months: Microsoft rallied more than 40%, while IBM slid about 6%.

  • [By Logan Wallace]

    Penbrook Management LLC purchased a new stake in IBM (NYSE:IBM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,630 shares of the technology company’s stock, valued at approximately $250,000.

  • [By Sean Williams]

    In recent days, a number of intriguing blockchain projects have gone live. For example, on April 19, IBM (NYSE:IBM) announced that Batavia, a blockchain-based trade finance platform developed in collaboration with the Bank of Montreal, Commerzbank, and other financial institutions, successfully completed initial transactions, which involved sending cars from Germany to Spain, and furniture production textiles from Austria to Spain.

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